Fintech Billionaire Builds Cross-Border Payments
Airwallex, an Australian fintech startup now valued at $11 billion, has grown rapidly by providing global payments, banking, and expense management services to businesses worldwide. Founded in 2015, it has expanded to process over $250 billion annually and serves clients across 47 countries, competing with industry giants like Stripe and Ramp. The company has faced political scrutiny over allegations of sharing U.S. customer data with China, which it denies, and is navigating regulatory challenges as it seeks further global expansion.
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